| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $316M | $307M | $279M | 2.9% | 13.2% |
| Op. Income | $100M | $95M | $48M | 5.5% | 108.1% |
| Gross Margin | 85.8% | 85.4% | 83.6% | 0.4pp | 2.2pp |
| Net Margin | 37.3% | 34.1% | 24.5% | 3.2pp | 12.8pp |
| EPS (Diluted) | $0.25 | $0.24 | $0.15 | 5.6% | 63.5% |
| Free Cash Flow | $172M | $159M | $119M | 7.8% | 44.5% |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $271M |
| R&D Expenses | $60M |
| Selling & Marketing | $58M |
| General & Administrative | $54M |
| SG&A Expenses | $111M |
| Other Expenses | -$5.8K |
| Operating Expenses | $171M |
| Cost & Expenses | $216M |
| OPERATING INCOME | $100M |
| Interest Income | $33M |
| Interest Expense | $0 |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $118M |
| D&A | $0 |
| EBIT | $100M |
| EBITDA | $100M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $271M |
| R&D Expenses | $60M |
| Selling & Marketing | $58M |
| General & Administrative | $54M |
| SG&A Expenses | $111M |
| Other Expenses | -$5.8K |
| Operating Expenses | $171M |
| Cost & Expenses | $216M |
| OPERATING INCOME | $100M |
| Interest Income | $33M |
| Interest Expense | $0 |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | $138M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $118M |
| D&A | $0 |
| EBIT | $100M |
| EBITDA | $100M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $118M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $172M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$244M |
| NET CASH FROM INVESTING | -$244M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $300M |
| NET CASH FROM FINANCING | $300M |
| FREE CASH FLOW | $172M |
| Net Change in Cash | $225M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $686M |
| Short-Term Investments | $2.1B |
| Net Receivables | $6M |
| Inventory | $370.1K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $232M |
| Goodwill | $953.8K |
| Intangible Assets | $15M |
| Long-Term Investments | $367M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $616M |
| TOTAL ASSETS | $3.5B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $468M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $696M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $712M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2.8B |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $24M |
| Net Debt | -$662M |
